Compare MyState savings and bank accounts

With a range of personal banking solutions, MyState has your future in mind.

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Updated Jan 8, 2021

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Headquartered in Tasmania, MyState has been an active alternative to big banks for over 50 years. It provides a large range of personal banking products and services, covering everything from insurance to high interest savings accounts. This guide will outline the various transaction and savings accounts plus the term deposits the bank offers.

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Bank account offer

MyState Bank Glide Account

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monthly fee

ATM withdrawal fee

Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Monthly fees: $0

Unlimited free electronic transactions. Send and receive money in less than 60 seconds with PayID.

Go to site More info

Unlimited free electronic transactions. Send and receive money in less than 60 seconds with PayID.

Compare MyState Savings Accounts, Transaction Accounts and Term Deposits

You can find a list of accounts available from MyState below.

Name	Product	Card access	ATM Withdrawal Fee	Fee Free Deposit p.m.	Monthly account fee
MyState Bank Glide Account		Visa	$0	$0	$0	Simplify your everyday banking with these sleek digital features. $0 monthly account fee. Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.	Go to site More Info	Compare	loading Fetching your data...

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Name	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees
MyState Bank Bonus Saver Account	1.1%	0.05%	1.05%	$0	Ongoing, variable 1.2% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $250,000.	Go to site More Info	Compare	loading Fetching your data...
MyState Bank Special eSaver Account	0.65%	0.65%	0%	$0	Ongoing, variable rate of 0.65% p.a. Available on a balance up to	More Info	Compare	loading Fetching your data...
MyState Bank Access Assist Account	0.65%	0.65%	0%	$0		Compare	loading Fetching your data...
MyState Bank Christmas Account	0.1%	0.1%	0%	$0		Compare	loading Fetching your data...

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Name	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	12 Mths p.a.	24 Mths p.a.
MyState Bank Online Term Deposit	0.30%	0.35%	0.30%	0.45%	0.35%	0.65%	0.55%	Single or joint account-holders can apply online with MyState's online application process. Pay no account setup or ongoing fees and choose a term length between 3 months and 2 years, with interest paid at maturity.	More Info	Compare	loading Fetching your data...
MyState Bank Term Deposit	0.30%	0.35%	0.30%	0.45%	0.35%	0.65%	0.55%		Compare	loading Fetching your data...
MyState Bank Income Term Deposit	-	-	-	-	-	0.65%	0.55%		Compare	loading Fetching your data...

Compare up to 4 providers

Name	Product	Card access	ATM Withdrawal Fee	Fee Free Deposit p.m.	Monthly account fee
MyState Bank Glide Account		Visa	$0	$0	$0	Simplify your everyday banking with these sleek digital features. $0 monthly account fee. Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.	Go to site More Info	Compare	loading Fetching your data...

Compare up to 4 providers

Name	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees
MyState Bank Bonus Saver Account	1.1%	0.05%	1.05%	$0	Ongoing, variable 1.2% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $250,000.	Go to site More Info	Compare	loading Fetching your data...
MyState Bank Special eSaver Account	0.65%	0.65%	0%	$0	Ongoing, variable rate of 0.65% p.a. Available on a balance up to	More Info	Compare	loading Fetching your data...
MyState Bank Access Assist Account	0.65%	0.65%	0%	$0		Compare	loading Fetching your data...
MyState Bank Christmas Account	0.1%	0.1%	0%	$0		Compare	loading Fetching your data...

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Name	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	12 Mths p.a.	24 Mths p.a.
MyState Bank Online Term Deposit	0.30%	0.35%	0.30%	0.45%	0.35%	0.65%	0.55%	Single or joint account-holders can apply online with MyState's online application process. Pay no account setup or ongoing fees and choose a term length between 3 months and 2 years, with interest paid at maturity.	More Info	Compare	loading Fetching your data...
MyState Bank Term Deposit	0.30%	0.35%	0.30%	0.45%	0.35%	0.65%	0.55%		Compare	loading Fetching your data...
MyState Bank Income Term Deposit	-	-	-	-	-	0.65%	0.55%		Compare	loading Fetching your data...

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Who is MyState?

MyState is a financial institution with its head offices located in Hobart, Tasmania. It offers a complete range of personal banking solutions, from transaction accounts and savings accounts to personal loans and home loans. Whether you are saving for a specific financial goal in the future, or just need to keep your bill money separate from your spending, MyState may have the solution. Customer dposits up to $250,000 per customer are guaranteed by the Australian Government.

What is internet banking like for MyState?

With a limited branch network to serve customers and all branches located in Tasmania, MyState relies heavily on its online banking service to meet the financial needs of customers outside of the region. Through it’s internet banking portal you are able to easily manage your accounts, access balances, and set up electronic deposits and debits.

MyState also offers a mobile app, so you can manage your money on-the-go, wherever you may be. The app can be downloaded on both Android and iPhone devices.

What about the mobile app?

Image Source: App Store

Login	Accounts	Transactions

What transaction accounts are offered by MyState?

Access Assist Account. Pensioners can take advantage of no monthly fees and competitive interest rates on their balance with this at call account. Unlimited transactions are provided in a number of ways including internet banking and your choice of debit card.
Offset Account. For a monthly fee, you can reduce your home loan payments by having the balance of your home loan reduced by your account balance before interest is calculated. This also serves as an everyday banking account, with a number of ways to conduct your daily banking.

What savings accounts are offered by MyState?

Special eSaver Account.This account offers a high interest rate and no account keeping fees. Plus, you'll still earn interest even when you need to make a withdrawal.
Christmas Account. Designate a set portion of your pay aside each month, so you have the money you need to take care of holiday expenses in November. Your deposits earn interest as well, giving you the opportunity to put even more treats under the tree.

What term deposits are offered by MyState?

Online Term Deposit. Lock your money into a term ranging from one month to two years and earn interest at a higher rate. The minimum deposit requirement is $5,000 and you will not be charged any monthly or transaction fees.
Income Term Deposit. With the same minimum deposit requirement and terms of one or two years, you can elect to receive your interest payments monthly or quarterly to a nominated account. This will decrease the interest rate slightly, but you are still not charged any fees and will benefit from interest payments.Back to top

What are the pros and cons of banking with MyState?

Pros

Range of accounts. MyState offers a range of savings and transaction accounts, so you're sure to find one that meets your needs.
Online accessibility. With each account you can enjoy the convenience of Internet banking.
Competitive interest rates. The interest rates offered by MyState are competitive in comparison to what you find with some of the larger banks.

Cons

Monthly fees. In many cases you are required to meet certain conditions in order to avoid having to pay any monthly fees.
Branch access. Unless you are live in Tasmania you may find the lack of physical branches difficult.

How do I apply for a MyState account?

You can easily apply for an account with MyState online. The process is simple and takes less than 10 minutes. You'll need to provide you personal contact details, including your residential address and also your tax file number. Plus, you'll need to verify your identity with either your drivers license, passport or birth certificate. After the account has been opened you will be sent the details along with any linked debit card you may have chosen.

Thank you for your feedback!

Shirley Liu

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Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

More guides on Finder

MyState Bank Glide Account
Pay $0 account keeping fees and make payments using Apple Pay, Google Pay or Samsung Pay with your MyState Glide Account.
MyState Bank Bonus Saver Account
Earn up to 1.20% p.a. on this high interest savings account each month you deposit $20 and make 5 Visa Debit card transactions.
MyState Everyday Account
Enjoy full access to your account with a linked Visa debit card and mobile app plus access Apple, Google and Samsung Pay to leave your wallet at home.
MyState Online Term Deposit
Lock your money away for just one month or for two years and be rewarded with guaranteed returns on your investment.
MyState Special eSaver Account
A savings account that offers competitive tiered interest rates, easy access to your money and no account keeping fees.

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